Daily brief: September 29, 2026
5 releases in the September 29, 2026 editor's cut: FHFA house prices rose 0.3 percent in July, up 2.6 percent year over year; Board selected interest rates list the 10-year at 5.24 percent for September 28; Total public debt outstanding was $40.102 trillion on September 28; and 2 more. Each has its own page. 1 further item below.
On their own pages
- FHFA house prices rose 0.3 percent in July, up 2.6 percent year over year
The Federal Housing Finance Agency said U.S. house prices rose 0.3 percent in July on the seasonally adjusted monthly House Price Index, after an unchanged 0.0 percent in June. House prices rose 2.6 percent from July 2025 to July 2026. Seasonally adjusted monthly changes across the nine census divisions ranged from -0.8 percent in the Mountain division to 1.5 percent in the Middle Atlantic division. Twelve-month changes ranged from 0.6 percent in the Mountain division to 6.3 percent in the Middle Atlantic division. The next HPI report is scheduled for October 27, 2026, with monthly data through August.
- Board selected interest rates list the 10-year at 5.24 percent for September 28
The Board posted the September 29 selected interest rates release at the usual 4:15 p.m. ET window. The latest column is September 28. Effective federal funds were 3.88 percent, unchanged from September 25. The 2-year Treasury constant maturity was 4.92 percent after 4.81 percent, the 10-year was 5.24 percent after 5.17 percent, and the 30-year was 5.56 percent after 5.49 percent. Bank prime stayed at 7.00 percent and discount-window primary credit at 4.00 percent. The 2-year moved 11 basis points; the 10-year moved 7.
- Total public debt outstanding was $40.102 trillion on September 28
Treasury Fiscal Data's Debt to the Penny listed total public debt outstanding at 40102185696865.37 dollars as of September 28, compared with 40097178119750.91 dollars on September 25. Debt held by the public was 32386263609755.87 dollars, compared with 32385874118414.11 dollars on September 25. Intragovernmental holdings were 7715922087109.50 dollars, compared with 7711304001336.80 dollars on September 25. The one-business-day change of 5007577114.46 dollars mixed a 389.5 million dollar rise in debt held by the public with a 4.62 billion dollar rise in intragovernmental holdings.
- Treasury sold $54 billion of 52-week bills at a 4.400 percent high rate
The Treasury Department's 52-week bill auction on September 29 sold $54 billion of 364-day bills (CUSIP 912797WJ2) at a high discount rate of 4.400 percent and an investment rate of 4.616 percent. Bid-to-cover was 3.07. Price was 95.551111. Total tenders were $171,170,537,700 and total accepted $59,167,062,200, including $5,166,182,400 accepted by SOMA outside the offering. The prior 52-week bill on September 1 stopped at a 3.980 percent high discount rate and a 4.161 percent investment rate, with bid-to-cover 3.61. The new bills issue October 1 and mature September 30, 2027.
- Agencies published resolution-plan feedback for 15 firms, no shortcomings
The FDIC and the Federal Reserve Board published feedback letters today, for release at 4:00 p.m. EDT, on resolution plans submitted in October 2025. The agencies reviewed submissions from 15 banking organizations with over $250 billion in assets and did not identify any shortcomings or deficiencies. They also determined that a shortcoming previously identified in the 2021 BNP Paribas resolution plan has been satisfactorily addressed.
Barr said further policy adjustments are likely to be needed
Governor Michael S. Barr's prepared remarks in Detroit today said the FOMC raised short-term policy interest rates earlier in the month and that further policy adjustments are likely to be needed. He put U.S. unemployment at 4.1 percent and said job creation has averaged around 80,000 a month this year, close to estimates of its breakeven pace. Real GDP grew at roughly a 2 percent rate in the first half of the year. He said he counts only two months of data consistent with 2 percent core PCE inflation over the past 20 months. A speech is not a statistical print, so this item has no release page.
- U.S. unemployment rate, Barr
- 4.1%
- Average monthly job creation this year, Barr
- 80,000
- Real GDP growth, first half, Barr
- 2%
- Months of 2 percent core PCE in past 20 months, Barr
- 2
Source: Economic Conditions and Monetary Policy — Board of Governors of the Federal Reserve System.
all 4 figures found at the source
- found U.S. unemployment rate, Barr = 4.1% — at Board of Governors of the Federal Reserve System
- found Average monthly job creation this year, Barr = 80,000 — at Board of Governors of the Federal Reserve System
- found Real GDP growth, first half, Barr = 2% — at Board of Governors of the Federal Reserve System
- found Months of 2 percent core PCE in past 20 months, Barr = 2 — at Board of Governors of the Federal Reserve System
1 further item was researched for this day and held back: its figures could not be found at the named source by the automated pass, so it is not published here.
Items report what the named sources published in the window; they are not this site's own findings, and a source's framing is not a verdict on who owns the money supply. Figures are as those sources printed them. The methodology says how this page is made and what is checked.